Hammond says he will prioritise financial services in the upcoming Brexit talks
Philip Hammond has again moved to reassure the City that the government will prioritise financial services in the upcoming Brexit discussions with the European Union.
The chancellor told MPs in the Commons this morning that he understood the City's need to have continued access to the single market and to hire skilled people to work in its businesses.
Read more: "No question" government will address City's passporting fears says Davis
He told parliament:
I certainly have been seeking to reassure financial services businesses that we will put their needs at the heart of the negotiation with the European Union.
We understand their needs for market access. We also understand their needs to be able to engage the right skilled people.
Last week the chancellor attempted to calm fears over Brexit after City A.M reported concerns of Whitehall indifference towards financial services.
Hammond was questioned over our front page by MPs on the Treasury select committee during a two-hour grilling.